News by State

Surterra partners with Intrexon in $100 million licensing cannabinoid deal

Surterra Wellness, an Atlanta-based cannabis company with operations in Florida and Texas, announced it will partner with Hungary’s Intrexon Corp. in a $100 million licensing deal aimed at biosynthetic cannabinoid production. Surterra would use Intrexon’s proprietary yeast fermentation platform to boost its cannabinoid production. Surterra is a privately held company; Intrexon trades on the Nasdaq […]

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Cannabis firm High Times going to court over Culture Magazine acquisition

High Times Holding Corp., the cannabis media group currently trying to raise funds for a potential stock exchange listing, is being sued by Southland Publishing over the sale of the latter’s Culture Magazine. Southland agreed for High Times to purchase the magazine a year ago but claims it has not received up to $4 million […]

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Marijuana Business This Week: Canopy, Acreage shareholders vote, Springfield selects, OK inspects & more

Here are some notable stories and events to watch for in the coming days: DAY OF DECISION: Shareholders of Canopy Growth and Acreage Holdings are scheduled to vote Wednesday on the much-heralded mega-merger of the two companies. If consummated, it would become the first major Canadian/U.S. cannabis transaction. Each company’s shareholders will vote separately. At least […]

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Texas gov signs bill expanding new conditions for medical marijuana use

Texas Gov. Greg Abbott on Friday signed into law House Bill 3703, a measure that increases the number of qualifying patient conditions for medical cannabis use, which likely could increase dispensary sales in the state’s limited MMJ program. The measure adds multiple sclerosis, Parkinson’s disease, ALS, terminal cancer, autism and many kinds of seizure disorders to […]

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Report: PA medical cannabis rollout marred by ‘errors and irregularities’

A new investigative report published Friday concluded that Pennsylvania’s medical marijuana industry rollout was beset with problems to the point that it could provide legal ammunition for license applicants who did not receive approval but still want to get into the industry. Pennlive.com reported there were “significant errors and irregularities” in the application scoring process, in […]

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Michigan accelerates medical marijuana business licensing

In the past month and a half, the state of Michigan has dramatically increased turnaround times for processing and approving medical cannabis business license applications. In May alone, the new state Marijuana Regulatory Agency (MRA) ruled on 213 medical cannabis business permit applications, the Detroit Free Press reported. That’s up from an average of 95 […]

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MedMen opens its first Florida medical cannabis dispensary

Multistate operator MedMen on Friday announced the opening of its first Florida medical marijuana dispensary, in West Palm Beach – the first of 12 such planned storefronts in the state. The California-based company said in a news release it’s also planning upcoming Florida dispensaries in Orlando and Key West. MedMen could eventually open as many […]

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Maine could ease state residency rules for adult-use marijuana licenses

A legislative committee in Maine approved rules that would relax state residency requirements for companies looking to qualify for recreational marijuana licenses. The move could open up new opportunities for Maine businesses that are interested in adult-use cannabis opportunities but are controlled by out-of-state firms. Here’s what you need to know: The committee’s amended rules […]

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Los Angeles seeking advisers for cannabis social equity program

The Los Angeles Department of Cannabis Regulation (DCR) issued a request for qualifications as it searches for consultants to help shape what is thought to be the largest municipal marijuana social equity program in the nation. The agency is looking for “consultants to develop and conduct business development curriculum, training, business, licensing and compliance assistance, and […]

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California doesn’t plan to raise marijuana excise tax in July

Although the California cannabis industry probably won’t see any state-level tax relief anytime soon, at least the excise tax won’t go up in July. The state Department of Tax and Fee Administration (CDTFA) confirmed in an email to Marijuana Business Daily that the 60% markup rate that provides the basis for California’s 15% excise tax will […]

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Week in Review: MJBizConNEXT in New Orleans, OR preps for future interstate MJ potentials, NV cannabis board & more

The cannabis industry descends on New Orleans to explore emerging trends at MJBizConNEXT, Oregon lawmakers pass a bill that would empower it to make agreements with other states for the transfer of marijuana, Nevada creates a cannabis control board and says no to social use licensing for now – plus other important news from around the industry. […]

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